all jobs going to illegals???

Headline:

Wall Street Admits the Biggest Economic Shocker: All Jobs in the Past Year Have Gone to Illegal Aliens

(Zero Hedge)—For much of the past year we had been pounding the table on two very simple facts:  not only has the US labor market been appallingly weak, with most of the jobs “gained” in 2023 and meant to signal how strong the Biden “recovery” has been, about to be revised away (as first the Philly Fed and now Bloomberg both admit), but more shockingly, all the job growth in the past few years has gone to illegal aliens.

We first pointed this out more than a year ago, and since then we have routinely repeated – again, again, and again – yet even though we made it abundantly clear what was happening…

Stunning statistic: there has been ZERO INCREASE in jobs for native-born workers in over five years, since July 2018! pic.twitter.com/mxdpmPHIbO

— zerohedge (@zerohedge) January 5, 2024

… going so far as to point out the specific immigration loophole illegals were using to work in the US for up to 5 years…

Why have all new jobs since 2018 gone to foreign-born workers (i.e. immigrants)? Because you can be an illegal immigrant in deportation proceedings (not to mention anyone seeking asylum) and get authorization to work in the US for up to 5 years, no questions asked. pic.twitter.com/VmhTBUM1I2

— zerohedge (@zerohedge) March 10, 2024

… and even fact-checking the senile, ballot-harvesting White House occupant on multiple occasions…

Fact-check:

1. Prices have never been higher and are starting to accelerate to the upside again
2. All the jobs created in the past year have been part time.
3. There has been zero job growth for native-born Americans since 2018; all jobs have gone to immigrants (mostly illegal… https://t.co/MeX7KhbaHl pic.twitter.com/OJI79p9oLp

— zerohedge (@zerohedge) February 29, 2024

… we were shocked that the topic of most if not all US jobs going to illegals was still not “the biggest political talking point” of all.

How is this not the biggest political talking point right now: since October 2019, native-born US workers have lost 1.4 million jobs; over the same period foreign-born workers have gained 3 million jobs. pic.twitter.com/Z5HVWmQ24C

— zerohedge (@zerohedge) January 15, 2024

That’s about to change, however, because with just under 5 months left until the election, and with immigration by far the hottest political topic out there, others are finally starting to connect the dots we laid out more than a year ago.

The first Wall Street analyst daring to point out that the employment emperor is naked, is Standard Chartered’s global head of macro, Steve Englander who in a note titled simply enough “Immigration leading to labor-market surge” (and available to pro subscribers in the usual place), writes that according to his estimates “undocumented immigrants account for half of job growth in FY24 so far” (the actual number is far higher but we understand his initial conservatism), and adds that “asylum seekers and humanitarian parolees explain the surge in undocumented immigrants” before concluding that the continued rise in EAD approvals likely will extend strong employment growth in 2024. In other words, “strong employment growth” for American citizens, always was and remains a fabulation, and the only job growth in the US is for illegals, who will work for below minimum wage, which also explains why inflation hasn’t spiked in the past year as millions of illegals were hired.

Read the rest.